Determine with reason, whether the following statements are true or fasle with reference to provisions of GST law: (iii) 'It is mandatory to issue a tax invoice in case a registered person has opted for composition levy
CS Professional · Advanced Tax Laws · PYQS · June 2019
Determine with reason, whether the following statements are true or fasle with reference to provisions of GST law: (iii) 'It is mandatory to issue a tax invoice in case a registered person has opted for composition levy scheme'.
Answer & Explanation:
The given statement is false . A registered person paying tax under the provisions of section 10 of CGST Act, 2017 (composition levy) is required to issue, instead of tax invoice, a bill of supply containing the specified particulars in the prescribed manner [Section 31(3)(c) read with Rule 49 of the CGST Rules, 2017].
Topics: GST
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